Emigration and the Optimal Speed of Transition
Harry Papapanagos () and
Studies in Economics from School of Economics, University of Kent
This paper presents a model of labour reallocation in a transition economy and analyzes the determinants of the optimal speed of transition. In its simplest form, the model implies that a rapid rather than slow pace of restructuring is preferable in the long run, but an initial period of gradualism may be optimal. The model is extended to consider the effect of emigration flows from the transition country. Our main conclusion is that emigration, by improving the rate of job creation in the private sector and by reducing the burden of unemployment on the government, may lead to an earlier switch to rapid adjustment of labour, and hence to a faster transition to a market economy.
Keywords: Speed of Adjustment; Transition; Emigration (search for similar items in EconPapers)
JEL-codes: J61 P21 (search for similar items in EconPapers)
References: Add references at CitEc
Citations: View citations in EconPapers (1) Track citations by RSS feed
There are no downloads for this item, see the EconPapers FAQ for hints about obtaining it.
Journal Article: Emigration and the Optimal Speed of Transition (2003)
This item may be available elsewhere in EconPapers: Search for items with the same title.
Export reference: BibTeX
RIS (EndNote, ProCite, RefMan)
Persistent link: https://EconPapers.repec.org/RePEc:ukc:ukcedp:9710
Ordering information: This working paper can be ordered from
Access Statistics for this paper
More papers in Studies in Economics from School of Economics, University of Kent School of Economics, University of Kent, Canterbury, Kent, CT2 7FS.
Bibliographic data for series maintained by Tracey Girling ().